Philippine Peso sinks to record low

MG News | November 21, 2024 at 01:40 PM GMT+05:00

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November 21, 2024 (MLN): The Philippine peso fell to a record low as traders viewed comments from the nation’s central bank as dovish.

The peso fell as much as 0.2% to 59 per dollar on Thursday, the lowest since late 2022.

The central bank may cut or hold its benchmark rate next month depending on inflation data, central bank governor Eli Remolona Eli Remolona said Tuesday.

The Monetary Board in October meeting reduced the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6%.

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Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.67	70.70 68.55	2.03 2.96%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%